Colin Exelby, CFP® Explains Trumps new "Big Beautiful Bill" and how it will impact you.
In this video, we dive deep into President Trump’s newly introduced "Big Beautiful Bill" — a sweeping tax proposal with major implications for nearly every American. From making tips and overtime tax-free, to boosting the standard deduction, expanding the child tax credit, and reviving 2017’s tax cuts, this bill could reshape your finances starting in 2026. We’ll break down what’s in the bill, who stands to benefit, and who might lose out. Whether you're a retiree, business owner, or employee, you’ll want to see how these changes could affect your wallet — especially with the 2017 Tax Cuts and Jobs Act set to expire. Don’t miss this one — it’s not just tax policy, it’s your money on the line.
#TaxReform2025 #TrumpTaxBill #BigBeautifulBill #FinancialPlanning #TaxCuts #SocialSecurity #ChildTaxCredit #StandardDeduction #RetirementPlanning #taxtips
00:00-Intro
01:44-Tax Cuts & Jobs Act 2017
02:05-What Will The Bill Do?
10:43-What Does It Mean For You?
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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.
I provide financial planning for business owners and their families that makes sense.
Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.
We strive to help you:
*Optimize Your Cash Flow
*Minimize Your Taxes
*Build Your Net Worth
*Create a Lasting Legacy
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